I've drawn out the pattern I'm watching for on the hourly chart to take my position.
Once price gets to the the block, I will short the first lower high on the hourly with the stop above the last high.
Once price gets to the the block, I will short the first lower high on the hourly with the stop above the last high.
Note
It came so close the block and I was asleep during the reversal, so I missed the short entry. I will keep an eye on it for a run of that block.Order cancelled
It didn't reach my entry level and thus I'm cancelling the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.